The domino effect of the rumors of the FTX carnage is playing out as the Solana ecosystem threatens to implode on the back of the crisis unfolding at FTX and Alameda Research.
According to CoinMarketCap, the SOL price had dropped to a low of $12.62.
FTX Turmoil Rocks Ecosystem
Solana’s total locked value (TVL) plummeted nearly 33% over the past 24 hours, as the news of the crisis at FTX and Alameda Research sent shockwaves across the crypto ecosystem. The Solana ecosystem, in particular, was hit hard by the news, as its TVL plummeted to $423 million in the last 24 hours. Currently, the TVL stands at $436 million, only a slight improvement over previously reported figures.
An increasing TVL means more coins are deposited into DeFi protocols, indicating bullish sentiment. Meanwhile, a falling TVL indicates users and investors are pulling out their funds from the protocol or ecosystem, indicating bearish sentiment. Solana is in the throes of bearish sentiment, as the PVL had plu
We współpracy z: https://cryptodaily.co.uk/2022/11/ftx-contagion-threatens-solana-as-network-tvl-dives-down
